Timing by vacuum - done it many times - probably in the hundreds. And the "advance till just before it bucks" method too. BTW - That's my preferred method when in doubt or equipment isn't available. Once you learn them, it's surprising how accurate you can be with them.
Static timing? Terminology differences? "Seat of the pants timing?" Static timing is when you set the timing with the engine off. (Static - not moving.) It's a good basic start.
Vacuum timing requires the engine to be running so there is vacuum to measure.
But - remember in this case you are dealing with a smogged down engine. The advance no longer works smoothly like we've all been used to. It no longer follows what the engine needs for power and mileage. All that is forsaken to make it have low enough emissions so they could sell them.
The curve of the manifold vacuum is sorta reversed from the old curves we are used to. The "curve" itself isn't really used, the vacuum is only used as a power source to pull the diaphragm when the ECM and the temp switches allow it - if they even work anymore.
The stock procedure on these is to run it up to 1600 or thereabouts, then set it to 16 or so. What that's doing is setting the mechanical at about mid-way of it's total advance. It's just a different point than setting it at the bottom end of the RPM range. Then after letting it drop back to idle, the bottom end of the curve will be somewhere around 4-8, depending. That's "IF" the mechanical advance is still working correctly - Jeeps distributors are famous for having the weights stick.
Interesting - some older Mercedes set base timing at 5, some even 6,000 RPM. You have your head down near the fan and belts to see it at that speed! Scary!
Then you just "hope" the ECM and all the switching devices do their part when in gear.
When you drive one of these, you can feel the solenoids kicking in and out as you accelerate.
As far as I remember, there never was a Chevy set like that, midway.
As you no doubt know, timing is very important to an engine. The engineers when having to make it conform have to do lots of things to "get it to comply" rather than worry about performance.
If they never got it to "comply" - it would be a mute issue - no more Jeeps!
It's easy to see how much that affected performance. Those engines configured that way barely can rev beyond 2500. Yes, you can get them up to 3000 if you wait a loooong time, but there's no power up there. That little 6 is more than capable of 5000 or more.
Since I no longer have a chassis dyno to actually plot the ideal curve for these engines and tailor the distributor to what the engine needs, I have to drop down to the next best suggestions. (Yes, every engine is slightly different.)
I believe in doing the total, not just partial.
Here's what I often do - even though I'm no longer in business, I get requests all the time. You can differ if you like.
1. Disconnect the vacuum line at the distributor and plug it off.
2. Find the fitting on the carb that provides the vacuum to the EGR (some go through a solenoid, some a temp switch, some go directly.) Run a hose from that port ON THE CARB directly to the vacuum diaphragm on the distributor. (If there's another vacuum hose on the port running to the evap cannister, tee that in to it.)
3. Disconnect and plug the vacuum line to the EGR Valve at the EGR Valve.
4. Set the timing at idle to about 8 degrees.
What you've just done is threefold. Now the distributor will advance slowly, keeping up with the engine's requirement for power and efficiency. It's now using PORTED vacuum.
And the EGR is no longer operable.
And, you've set the timing at the bottom end of the curve.
What you'll find is it'll idle better (once the carb is adjusted properly). And it'll feel much "snappier" when accelerating, and at cruise speed you'll actually have power enough to pass someone!
It will rev up much higher than before too.
Cost - nothing.
Time - 5 minutes.
Try it - you'll love it!
And - adjusting for the highest vacuum then retarding a tad will work like you expect it to! Or you can use the "advance till it bucks and back down a scosh."
I have to admit - I sold my last shop a few years ago, I just do this sort of thing for fun now - keeps me out of trouble.
It's been awhile since I've done one of these - the last one was almost 2 weeks ago.
Naturally I must put in a disclaimer - this is for off road use only. Next time it has to pass smog tests, it must be in the original configuration to pass. Take and save notes as to what you changed so it's easy to put it back -- in case you drive it in the street again.